Truist Financial Corp Increases Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Truist Financial Corp increased its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 30.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,865 shares of the company’s stock after acquiring an additional 6,195 shares during the quarter. Truist Financial Corp’s holdings in AdvisorShares Pure US Cannabis ETF were worth $102,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MSOS. Sanctuary Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $36,000. Edge Wealth Management LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $42,000. One Plus One Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $45,000. Perigon Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $66,000. Finally, Foundations Investment Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $77,000.

AdvisorShares Pure US Cannabis ETF Stock Up 1.8 %

Shares of NYSEARCA MSOS opened at $2.90 on Friday. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.75 and a 52 week high of $11.36. The business has a 50-day simple moving average of $3.46 and a two-hundred day simple moving average of $5.05. The company has a market cap of $396.81 million, a P/E ratio of 12.20 and a beta of 1.29.

AdvisorShares Pure US Cannabis ETF Profile

The AdvisorShares Pure US Cannabis ETF (MSOS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed narrow portfolio of US stocks or swap contracts related to the domestic cannabis and hemp industry. MSOS was launched on Sep 1, 2020 and is managed by AdvisorShares.